November 04, 2015
Memphis Daily News
October 16, 2015
The Memphis-based real estate development company bought the 120,000-square-foot structure at 775 Ridge Lake Boulevard for $16.3 million.
Boyle developed the build-to-suit property for investment banking firm Vining Sparks in 2001. It bought the Ridge Lake building from Hub Properties Trust, a Maryland real estate investment trust.
Vining Sparks occupies about half of the six-story office building, which is located within Boyle’s 204-acre Ridgeway Center development. The real estate company owns, manages and leases about 2.2 million square feet of office space in Ridgeway Center.
Other building tenants include Informa Economics, Dickens Commodities and Financial Resource Management. About 25,000 square feet currently is available for lease; Boyle will handle leasing and management of the building.
Boyle purchased the building through the 775 Midsouth Investment LP entity.